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NFTY

NFTY DeFi ProtocolNFTY

Rank #7694
Token
On 654 watchlists

NFTY DeFi Protocol Price (NFTY)

$0.05101
1.64%

0.000003086 BTC1.70%

0.00004213 ETH0.11%

Low:$0.04998
High:$0.05197
24h
NFTY  NFTY DeFi Protocol NFTY
Price:
$0.05101
 1.64%
Market Cap
- -

Why is there no Market Cap? 

Read More

24h Volume / Market Cap
--
Fully Diluted Market Cap
- -
Volume
24h
$1
99.81%
CEX Vol
--
DEX Vol
$1.16
Circulating Supply
--

Why is there no Total Supply? 

Read More

NFTY DeFi Protocol to USD Chart

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NFTY to USD Converter

NFTY

NFTY DeFi Protocol

USD

United States Dollar

NFTY Price Statistics

NFTY DeFi Protocol Price Today
NFTY DeFi Protocol Price$0.05101
Price Change24h+$0.0008213
1.64%
24h Low / 24h High
$0.04998 /
$0.05197
Trading Volume24h$1.16
99.81%
Volume / Market CapInfinity
Market DominanceNo Data
Market Rank#7694
NFTY DeFi Protocol Market Cap
Market CapNo Data
Fully Diluted Market CapNo Data
NFTY DeFi Protocol Price Yesterday
Yesterday's Low / High
$0.04923 /
$0.05057
Yesterday's Open / Close
$0.05021 /
$0.05032
Yesterday's Change

0.23%

Yesterday's Volume$310.97
NFTY DeFi Protocol Price History
7d Low / 7d High
$0.04385 /
$0.05224
30d Low / 30d High
$0.04385 /
$0.07412
90d Low / 90d High
$0.04385 /
$0.07412
52 Week Low / 52 Week High
$0.04133 /
$0.8863
All Time High
Nov 16, 2021 (a year ago)
$6.32
99.19%
All Time Low
Nov 16, 2021 (a year ago)
No Data
NFTY DeFi Protocol ROI

48.99%

NFTY DeFi Protocol Supply
Circulating SupplyNo Data
Total SupplyNo Data
Max SupplyNo Data

NFTY to USD Converter

NFTY

NFTY DeFi Protocol

USD

United States Dollar

NFTY Price Live Data

The live NFTY DeFi Protocol price today is $0.051008 USD with a 24-hour trading volume of $1.16 USD. We update our NFTY to USD price in real-time. NFTY DeFi Protocol is up 1.64% in the last 24 hours. The current CoinMarketCap ranking is #7694, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.

If you would like to know where to buy NFTY DeFi Protocol at the current rate, the top cryptocurrency exchange for trading in NFTY DeFi Protocol stock is currently ApeSwap (BSC). You can find others listed on our crypto exchanges page.

What Is NFTY DeFi Protocol (NFTY)?

The NFTY Protocol creates a reputation layer for NFT auctions by employing gamified staking and "farming" activities to crowdsource reputation data.

NFTY is the utility token behind this protocol. . When staked, it is used to:

  • Increase a staker’s social rank, unlocking access to exclusive events and NFT auctions
  • Endorse/advocate for NFT auctions to increase their visibility and likely sales price
  • Increase the total NFTY supply through staking rewards

The endorsement/advocacy process uses economic incentives and rewards funded from 7.5% of the final payout of auctions using the protocol. The reward is distributed to the pool of “endorsers” or “advocates” in proportion to each token holder's respective endorsement allocation amount, in NFTY tokens, to an auction.

How Many NFTY Tokens Are in Circulation?

NFTY launched on September 21, 2021 with 5 million tokens. There is no maximum supply, but new tokens can only be minted through staking. The number of tokens staked and the length of a wallet’s staking streak determine the number of NFTY tokens minted once they are claimed by the staker.

Stakers must use their NFTY to endorse auctions if they want to claim their reward. The advocacy process does not spend or burn any existing NFTY tokens, but locks them to prevent unstaking until the endorsed auction closes.

Who Are the NFTY DeFi Protocol’s Founders?

NFTY is the product of a team lead by Chris and Clinton Mills, renowned video game developers with multiple Webby awards under their belt, while their father Ed Mills is an experienced Hollywood talent agent with a strong finger on the pulse of what the creative community needs to see before they’re willing to enter the NFT space en masse.

Rounding out the team is AI and privacy expert Evelyne Chevry, onboarding and project manager Chrissy Cook, head writer and content creator Adam Alonzi, advisor and billion-dollar social project entrepreneur Jake Collins, and an ever growing support team across the globe.

This team came together over the course of 2021 to address the problems of reputation and access for NFT artists and collectors after countless conversations revealed the many systemic gaps holding back the most talented from stepping into the arena.

What Makes NFTY Unique?

NFTY rewards excellence in the NFT space through unprecedented gamified DeFi mechanisms.

Stakers are presented with the challenge of finding the best strategies to “endorse” auctions based on their ability to close the sale, potential payout, quality of the NFT, and the number of other advocates currently endorsing the auction. Successful strategies result in greater payouts called “farming rewards.” The reward for each auction is 7.5% of the final sale value.

This reward is distributed proportionally to all advocates based on the proportion of NFTY tokens they allocated to endorse each auction. For example, if Person A allocates 10 NFTY to an auction and Person B allocates 20 NFTY to it, Person A gets 1/3 of the 7.5% advocacy reward. Allocated NFTY tokens are locked and cannot be unstaked until the auction is completed and the NFT is sold, at which point they are unlocked for reallocation or unstaking.

This paves the way for an array of possible strategies without incentivizing the endorsement of non-sellable, low-quality, fraudulent, or spammy content - doing so is economically unviable. The result is a filter and data analytics platform; users can determine the degree of desirability as well as the expected sale price of an NFT.

Altogether these mechanisms create a reputation layer akin to likes, upvotes, or favorites on social media platforms while using economic incentives to ensure quality is promoted. Scams, spammy, and low-quality NFTs are filtered out while top-quality auctions are signal boosted to potential buyers.

Where Can I Buy NFTY Tokens (NFTY)?

NFTY is currently available for trading on the DeFi automated market maker platform Uniswap with an Ethereum (ETH) pairing.

New to cryptocurrency? Read CoinMarketCap’s easy guide to buying Bitcoin or any other token.

NFTY to USD Converter

NFTY

NFTY DeFi Protocol

USD

United States Dollar

NFTY Price Statistics

NFTY DeFi Protocol Price Today
NFTY DeFi Protocol Price$0.05101
Price Change24h+$0.0008213
1.64%
24h Low / 24h High
$0.04998 /
$0.05197
Trading Volume24h$1.16
99.81%
Volume / Market CapInfinity
Market DominanceNo Data
Market Rank#7694
NFTY DeFi Protocol Market Cap
Market CapNo Data
Fully Diluted Market CapNo Data
NFTY DeFi Protocol Price Yesterday
Yesterday's Low / High
$0.04923 /
$0.05057
Yesterday's Open / Close
$0.05021 /
$0.05032
Yesterday's Change

0.23%

Yesterday's Volume$310.97
NFTY DeFi Protocol Price History
7d Low / 7d High
$0.04385 /
$0.05224
30d Low / 30d High
$0.04385 /
$0.07412
90d Low / 90d High
$0.04385 /
$0.07412
52 Week Low / 52 Week High
$0.04133 /
$0.8863
All Time High
Nov 16, 2021 (a year ago)
$6.32
99.19%
All Time Low
Nov 16, 2021 (a year ago)
No Data
NFTY DeFi Protocol ROI

48.99%

NFTY DeFi Protocol Supply
Circulating SupplyNo Data
Total SupplyNo Data
Max SupplyNo Data